HR 1279
108th Congress
House
Taxation
Alternative energy sources
Commerce
Diesel motor
Economics and Public Finance
Energy
Excise tax
Government trust funds
Highway finance
Income tax
Oils and fats
Tax credits
Tax rates
Transportation and Public Works
To amend the Internal Revenue Code of 1986 to provide tax incentives for the use of biodiesel as a fuel.
Introduced: March 13, 2003
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 18, 2003
Referred to the Subcommittee on Department Operations, Oversight, Nutrition and Forestry.
Mar 13, 2003
Introduced in House
Mar 13, 2003
Referred to the Committee on Ways and Means, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Plain-English summary
Amends the Internal Revenue Code to establish a credit to promote the production and usage of biodiesel fuel. Requires a taxpayer to obtain a certification from the producer of the biodiesel which identifies the product produced in order to utilize the credit. Imposes a tax for biodiesel not used as fuel, but for which a credit was granted. Reduces motor fuel excise taxes on biodiesel mixtures.
Provides for transfers of funds from the Commodity Credit Corporation to the Highway Trust Fund in amounts equivalent to the reductions that would occur but for this Act.
What's happening now
Referred to the Subcommittee on Department Operations, Oversight, Nutrition and Forestry.
Committees of jurisdiction
3